CareTrust REIT: Why This 5% Yielder Is A Great Value Buy

Summary

• CareTrust REIT maintains a strong property portfolio with solid rent coverage metrics.
• It stands to benefit from favorable demographic tailwinds, and occupancy rates should continue to improve should staffing shortages subside.
• Meanwhile, it maintains a strong balance sheet and pays a well-covered and growing dividend.
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The skilled nursing segment has made a lot of headlines since the start of the pandemic. In the beginning, headlines were primarily around the spread of COVID within facilities. These concerns have since subsided given the strict risk control measures that SNFs now

Analyst’s Disclosure:I/we have a beneficial long position in the shares of CTRE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

This article is for informational purposes and does not constitute as financial advice. Readers are encouraged and expected to perform due diligence and draw their own conclusions prior to making any investment decisions.